The arrival in Portugal of Casavo, an Italian digital platform for the residential market that acquires properties directly, is further proof that Portugal remains on the radar of real estate investors, even in times of a pandemic.

Casavo’s operation in Portugal has started with “an investment of 100 million euros to acquire houses in Portugal”, says the company in a statement.

“The platform enters Lisbon to transform the experience of the home buying and selling process and offers a new service that is faster, easier and more transparent”, according to idealista/news.

What does Casavo do?

The company “developed a technological platform that performs property valuations, based on its patented algorithm, analyses different variables and allows you to submit offers within 48 hours”. “In addition, you only need to make one in-person visit to the houses, contrary to the average of 20 usual visits. If there is an agreement, Casavo ensures the entire transaction process and makes the payment to the owner in full in just seven days”, they explain.

Casavo assures that, in this way, it “brings liquidity to the real estate market and transparency to a traditionally complex and exhausting process for sellers”.

“Later, the company carries out renovation works and puts the properties up for sale again, providing ready-to-live-in homes and facilitating access to housing for buyers, since their sale prices are always within the average market values”, they add.

Cited in a press release, Duarte Ferreira dos Santos, Vice President of Investments at Casavo in Lisbon, adds that “the real estate market in the Lisbon metropolitan area has an interesting dimension, with more than 70,000 transactions per year”, having “the ideal characteristics for a platform” such as Casavo, as people continue to prefer to buy a house over rent.